Wellness tech startup TaskHuman bags $20M Series B funding to provide real-time digital coaching
Employees’ wellness is one of the major challenges facing most companies today. More than 90 percent of business leaders say that promoting wellness can affect employee productivity and performance, according to survey results from the nonprofit Health Enhancement Research Organization (HERO). Now, one tech startup is coming to the aid of organizations to provide instant video chat with vetted experienced wellness coaches.
Late last year, we wrote about TaskHuman, a Silicon Valley-based wellness tech startup that amplifies work and personal life with 1:1 personalized guidance from LIVE specialists over video calls. TaskHuman is also the world’s first real-time digital coaching platform.
The startup helps people to instantly discover and connect with the world’s most comprehensive global network of coaches, instructors, and specialists covering nearly 1000 aspects of your daily life, such as physical fitness, mental well-being, spiritual, emotional, financial, life & leadership coaching, and more.
In November, TaskHuman raised $9.5 million in Series A funding to scale its real-time digital coaching platform connecting real people with on-demand coaches for a variety of personal and professional growth resources to retain talent and boost overall employee well-being. Since then, the startup has caught the attention of many investors.
Today, TaskHuman announced it has raised a $20M Series B funding round to scale its real-time digital coaching platform connecting real people 1:1 with on-demand coaches to amplify human well-being and productivity in a digital world.
The round was led by Madrona, with participation from Impact Venture Capital, RingCentral Ventures, Sure Ventures, and USVP, alongside new investors Gaingels, PeopleTech Angels, Propel(x), and Zoom Ventures. Participating angel investors also include Hemant Thapar and Margo Georgiades.
With this funding, TaskHuman is helping to combat the current mental health crisis and ‘Great Resignation’ culture by fulfilling the dire craving for 1:1, personalized engagement for personal + professional growth.
The latest round brings TaskHuman’s total raised to date to $35 million. TaskHuman will also use the new cash infusion to supercharge its product development, marketing, and sales efforts. The company also has plans for global expansion and scaling its network of over 1,000 coaches across nearly 50 countries, by recruiting world-class experts and specialists.
Founded in 2017 by CEO Ravi Swaminathan, Daniel Mazzella, and David Tell, TaskHuman’s mission is to organize the world’s human experiences and expertise and bring them to billions of people worldwide over a video call. TaskHuman’s revolutionary app helps users instantly discover and connect with the world’s most comprehensive, global network of specialists covering nearly 1000 aspects of daily life, such as physical fitness, mental well-being, spiritual, emotional, financial, career & leadership coaching, and more.
“This round of funding allows us to continue expanding our coaching offerings to support individuals personal and professional needs, while continuing to bring on a global network of specialists. Employees can then build out their own dream team of personal coaches that are accessible via video call at any time, with just the click of a button,” said Ravi Swaminathan, co-founder and CEO of TaskHuman. “This also allows us to change the lives of thousands of specialists throughout the world. As the rise of the gig economy has opened up a world of possibilities for flexible work options, we take it one step further; TaskHuman coaches are able to make money by utilizing their passion and expertise to help others, and work from anywhere, whenever they want.”
Organizations can deploy TaskHuman as a coaching solution to their global workforce, allowing employees to amplify their daily work and personal lives. With TaskHuman’s unlimited pricing model, every employee can engage in limitless ways to address their goals privately with unlimited in-app content, live 1:1 video calls, and group sessions. Notable customers taking advantage of the TaskHuman platform include Zoom Video Communications, Inc., Dr. Scholl’s, Finastra, Medidata, Purdue University, RingCentral, and many more companies around the world.
“Businesses are rushing to find new ways to better serve employees, particularly as workforces become increasingly distributed. As the Future of Work emerges, organizations are looking to offer more unique benefits to attract and retain top talent,” said John Torrey, venture partner at Madrona. “TaskHuman is a standout compared to other platforms in the space because it allows organizations to offer a truly comprehensive coaching solution — with both a wide range of personal coaching topics and real-time video on demand, connecting people with an expert instantly when they need it most. We’re thrilled to continue our support of TaskHuman through its next stage of growth.”